Spending in California has increased by nearly 10% per year since I moved to California 14 years ago (in easy to find terms, it went from $56 billion in 1998 to $131 billion in 2008 - a 9% annual growth rate). Yet, you think the problem is that the state can't raise taxes? I'd argue that the problem is that the state keeps spending. I agree that the voter initiatives are a driver of this problem, but the fact is that the politicians just can't stop spending either.
If you want more information on changes in high income earners in California (and companies moving out), you'll have to find them on your own. That data is in the bowels of places like the IRS and census websites.
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If you want more information on changes in high income earners in California (and companies moving out), you'll have to find them on your own. That data is in the bowels of places like the IRS and census websites.